Worthington Industries, Inc. Acquires BernzOmatic

Consumer

Worthington Industries, Inc. acquisition of the BernzOmatic business from Irwin Industrial Tool Company, a subsidiary of Newell Rubbermaid, Inc.


Summary

Worthington Industries, Inc. recently announced that its Pressure Cylinders segment has purchased the BernzOmatic business from Irwin Industrial Tool Company, a subsidiary of Newell Rubbermaid, Inc.

Baird served as the exclusive financial advisor to Newell Rubbermaid Inc.

About

BernzOmatic is a manufacturer and global marketer of hand-held torches, solder, accessories and related products, sold in retail and professional plumbing / HVAC wholesale channels.

Newell Rubbermaid Inc., based in Atlanta, GA, is a global marketer of consumer and commercial products with a strong portfolio of brands, including Rubbermaid®, Sharpie®, Graco®, Calphalon®, Irwin®, Lenox®, Levolor®, Paper Mate®, Dymo®, Waterman®, Parker®, Goody® and Aprica®.

Worthington Industries, Inc., based in Columbus, OH, is a leading diversified metals manufacturing company that serves as North America’s premier value-added steel processor; a leader in manufactured pressure cylinders, such as propane, oxygen and helium tanks, hand-held torches, refrigerant and industrial tanks, camping cylinders, compressed natural gas storage cylinders and scuba tanks; framing systems and stairs for mid-rise buildings; steel pallets and racks; and through joint ventures, suspension grid systems for concealed and lay-in panel ceilings; laser welded blanks; light gauge steel framing for commercial and residential construction; and current and past model automotive service stampings.
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Consumer

Worthington Industries, Inc. acquisition of the BernzOmatic business from Irwin Industrial Tool Company, a subsidiary of Newell Rubbermaid, Inc.

Date
July 2011
Company
Newell Rubbermaid Inc.
Transaction
M&A - Sellside
Sectors
Consumer
Verticals
Household Products
Building & Construction Products
Target Location
North America
Acquiror Location
North America

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